Tagged: consumer behavior

March 4, 2022 @ 9:22 pm By Omar Faridi  |  

Indian Fintech firm Razorpay notes that cart abandonment makes a “serious dent” in a digital commerce company’s operations. You may ask e-commerce stores, and they will tell you how much it affects their business. And when it comes to stats and data, we can see… Read More

February 28, 2022 @ 11:30 pm By Omar Faridi  |  

Globally, 84% of consumers agree that they should “have control of their financial data, and banks should not prevent the movement of money between other financial services.” These are the principles that are the “basic tenets of open banking,” according to an update shared with… Read More

February 22, 2022 @ 1:30 pm By Omar Faridi  |  

Despite the surge in US digital commerce sales, online consumers remain “unpredictable” when it comes to checking out online: The average online shopping cart abandonment rate is 70%, according to an update from Affirm (NASDAQ:AFRM). Anything you can do to lower that rate for your… Read More

February 20, 2022 @ 9:51 pm By Omar Faridi  |  

Increff, an Indian supply chain SaaS firm providing inventory optimization solutions for e-commerce, fashion, and retail brands has secured $12 million via its Series B round. Increff’s investment round included contributions from TVS Capital Funds, Premji Invest, Binny Bansal’s 021 Capital, and 6 existing angels… Read More

February 15, 2022 @ 3:08 am By Omar Faridi  |  

When the COVID-19 crisis struck, working practices changed for many individuals and businesses across the globe. Offices had been closed and corporate travel was at a standstill, as virtual networks began replacing physical networking. Fast forward two years and while lockdowns are easing and conferences… Read More

February 11, 2022 @ 8:44 am By Omar Faridi  |  

WealthKernel, a provider of digital investment services and infrastructure, has introduced Instant Matching Deposits that are being powered by ClearBank, the Cloud-enabled clearing bank. Instant Matching Deposits enables investors “to instantly fund their accounts and begin trading without waiting days for payments to clear, and… Read More

February 7, 2022 @ 8:40 am By Omar Faridi  |  

If you’re like many other digital commerce merchants, the best part of the shopping experience takes place when a client clicks that “buy” button and becomes a (hopefully) loyal customer. One way to boost these website conversions for your business is to give clients the… Read More

February 2, 2022 @ 6:01 pm By Omar Faridi  |  

Rohan Amin, Chief Product Officer at Chase, notes that this year, as individuals across all segments of our society continued to navigate the COVID-19 crisis, we were all forced to carefully examine our everyday behaviors more closely. As explained by Amin in an update shared… Read More

January 18, 2022 @ 11:46 pm By Omar Faridi  |  

The team at UK’s investment platform easyMoney notes that the use of Fintech apps is increasing steadily across the globe. That’s why they decided to also launch their own app for their customers. The company wrote in a blog post that half of easyMoney investors… Read More

January 17, 2022 @ 5:18 pm By Omar Faridi  |  

Freedom, work satisfaction and flexibility are a few of the key reasons that small business owners “take the leap” to pursue their vision, according to an update from Visa (NYSE: V). Rachelle Gonzalez, Founder of Taco Shelly’s in Bethlehem, PA, had reached a key point… Read More

January 14, 2022 @ 12:52 pm By Omar Faridi  |  

The team at Fintech company Affirm (NASDAQ: AFRM) notes that two years of living with a global pandemic have “reshaped expectations for consumers and retailers in 2022.” Affirm writes in a blog post that shoppers plan to “travel and buy new clothes, and many retailers… Read More

January 11, 2022 @ 4:12 pm By Omar Faridi  |  

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

January 10, 2022 @ 4:20 am By Omar Faridi  |  

Checkout.com reveals that their research finds efforts to promote environmental sustainability, mitigate fraud and “unlock new growth channels” which should help define e-commerce in 2022. Checkout.com writes in a blog post that they’ve witnessed “an explosion” in digital commerce growth in recent years. And that… Read More

January 8, 2022 @ 8:27 pm By Omar Faridi  |  

The team at UK Fintech Modulr has done some research in order to find out what “makes paying passengers leave, and what makes them come back.” As noted in a blog post by Modulr, digital transformation has “been on the collective agenda for years.” It’s… Read More

January 4, 2022 @ 8:43 am By Omar Faridi  |  

Fintech Modulr, which supports a new digital payment account for businesses and is specifically building services for companies needing a faster, easier and more reliable way to move money, notes that when they analyzed the results from their Digital Now survey (looking at consumer “attitudes… Read More

December 27, 2021 @ 1:34 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a global supporter of evolution of digital P2P payments, shared the results of a consumer survey that offers insights into cross-border money transfer flows going into 2022. Results reveal that as the requirements of family and friends abroad continue to… Read More

December 26, 2021 @ 9:30 pm By Omar Faridi  |  

Rapyd, a Fintech-as-a-Service firm, shared the results of a survey exploring the adoption of digital finance tools and e-commerce in Argentina, Colombia, Mexico, and Brazil. Even though the region has a fairly large unbanked population, the survey revealed that among those with active bank accounts,… Read More

December 21, 2021 @ 4:29 pm By Omar Faridi  |  

We recently connected with Hubert Rachwalski, CEO at Nethone, a company focused on a “Know Your Users” strategy to resolve fraud, so clients are able to gain more loyal customers while rejecting only fraudsters. Hubert talked about how cybercriminals are attempting to exploit online platforms… Read More

December 20, 2021 @ 3:23 pm By Omar Faridi  |  

European digital bank bunq has shared quick and safe ways to make contactless payments via their platform. According to bunq, gone are the days when you were required to carry physical payments cards with you everywhere, because now, most of the time, just your phone… Read More

December 16, 2021 @ 7:52 am By Omar Faridi  |  

Twig, the London-headquartered Fintech firm that’s bridging the gap between finance and re-sale, has shared its inaugural whitepaper which highlights “the new way in which Gen Z are consuming, based upon a total cost of ownership and a commitment to a sustainable lifestyle.” As mentioned… Read More